Viewing entries in
Small Business & Startups

Untangling the crypto regulatory framework

Untangling the crypto regulatory framework

The closing date of the Australian Government’s consultation process regarding the making of an initial coin offering (ICO) provides us with an opportunity to take a breath and review the current regulatory state of the crypto world, in preparation for the regulations that may be on the horizon.

10 legal tips every small business owner should know

10 legal tips every small business owner should know

Not every small business owner has the time to think through legal issues that could make or break their business. However, there are some important legal tips that every business owner should be aware of to avoid time consuming and expensive issues down the track. To assist the time poor, we have put together 10 legal tips to help small business mitigate business risk and achieve their commercial goals .

Crowd-sourced equity funding: First steps

Crowd-sourced equity funding: First steps

Equity crowd funding has taken some first, tentative practical steps.  The new crowd-sourced funding (CSF) regime that started at the end of October 2017 - designed to reduce costs and red-tape for start-ups and SMEs looking to raise capital from a large number of small investors – is still being tweaked, as proprietary companies were excluded from eligibility.  This will be rectified with a bill currently before the Parliament. 

Fairness and good business: a year of Unfair Terms

Fairness and good business: a year of Unfair Terms

It’s been over a year since the Australian Consumer Law provided that terms that are ‘unfair’ in new or renewed consumer and small business contracts could be deemed void and unenforceable.

Top 5 legal tips for starting a business

Top 5 legal tips for starting a business

Starting a business needs more than just a great idea. It involves planning, getting your finances in order and of course ticking all the legal boxes. Navigating the legal landscape for a new business can be difficult, so we want to share with you the top five things you need to consider:

Tax Incentives for Startups

Tax Incentives for Startups

The Federal Treasury has introduced legislation which aims to create tax incentives for investors by encouraging early stage investment in startups (Bill).

The Bill aims to increase the volume of funding available for startups by offering tax concessions to potential investors.

Proposed changes to crowd-sourced equity funding

Proposed changes to crowd-sourced equity funding

Assistant Treasurer and Small Business Minister Kelly O’Dwyer recently announced changes to crowd-sourced equity funding (CSEF) regulations, paving the way for increased access to funding for startups and small businesses.

RESTRUCTURE ROLLOVER MEANS GREATER FLEXIBILITY FOR SMALL BUSINESS

RESTRUCTURE ROLLOVER MEANS GREATER FLEXIBILITY FOR SMALL BUSINESS

The Federal Treasury  has released for public comment Exposure Draft legislation, the Tax and Superannuation Laws Amendment (2015 Measures No 6) Bill 2015:  Small business restructure rollovers to amend the Income Tax Assessment Act 1997, to enable small businesses to defer tax consequences arising in relation to the transfer of capital gains tax assets, depreciating assets and trading stock revenue assets that occur in the context of a business restructure.

Possible CGT exemption for startup investors

Possible CGT exemption for startup investors

A spokesperson for Treasurer Scott Morrison has confirmed that the government will consider abolishing the Capital Gains Tax on investments in startup companies.  The policy was proposed by back-bencher David Coleman as a way of encouraging investment in innovation.